Trayal

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Trayal
Native name
Трајал Корпорација
Trayal Corporation
Company typeJoint-stock company
IndustryManufacturing
Founded31 January 1955; 71 years ago (1955-01-31) (Current form)
29 June 1889; 136 years ago (1889-06-29) (Founded)
Headquarters
Parunovačka 18 V, Kruševac
,
Serbia
Area served
Worldwide
Key people
Miloš Nenezić (General director)
ProductsTires, explosives, protective wear
RevenueIncrease €41.75 million (2019)
Increase €2.9 million (2019)
Total assetsDecrease €82.70 million (2018)[1]
Total equityIncrease €14.83 million (2018)[1]
OwnerIndividual shares (33.1%)

Pension Insurance Fund (23.1%)
Government of Serbia (14.4%)

Srbijagas (7%)
Others (1.1%)
Number of employees
1,100 (2019)
SubsidiariesTrayal Hem
Detonit (North Macedonia)
Websitetrayal.rs/en/front-page/
Footnotes / references
Business ID: 07144083
Tax ID: 100315020
[2]

Trayal Corporation (Serbian: Трајал Корпорација, romanizedTrayal Korporacija) is a company manufacturing tires, protective devices and industrial explosives.

History

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Trayal Corporation was founded in 1889 in Kruševac as a "Gunpowder Works".[3]

In 2006, the Government of Serbia sold 76.9% of shares of the company to the Bulgarian Brikel (owned by the businessman Hristo Kovachki) for a sum of 12.1 million euros, with the obligation to invest 25.1 million euros.[4] At the time, Trayal Corporation had 3,500 employees in five divisions.[5] However, over the years, most of the production was significantly reduced due to poor management.

In 2011, the American tire manufacturing company Cooper Tire & Rubber Company acquired automobile tire division of Trayal for 13 million euros.[6][7] The newly established company which has seceeded from the Trayal Corporatio was named "Cooper Tire & Rubber Company Serbia" d.o.o.[7]

In 2013, the Government of Serbia took over the company's remaining assets, as it accumulated 130 million euros of debt.[5] In 2017, Trayal Corporation developed remotely-controlled anti-hail protection system used in agriculture.[8]

As of 2018, "Trayal Corporation" is the largest employer in the city of Kruševac, with exports to the foreign markets.[3]

See also

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References

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